Mon, 30 Jan 2023

U.S. dollar slips amid economic data

Xinhua
09 Dec 2022, 07:44 GMT+10

NEW YORK, Dec. 8 (Xinhua) -- The U.S. dollar weakened in late trading on Thursday as market participants digested a slew of economic data.

The dollar index, which measures the greenback against six major peers, fell 0.31 percent to 104.7760.

In late New York trading, the euro rose to 1.0561 U.S. dollars from 1.0515 dollars in the previous session, and the British pound increased to 1.2242 U.S. dollars from 1.2215 dollars in the previous session.

The U.S. dollar bought 136.69 Japanese yen, higher than 136.32 Japanese yen of the previous session. The U.S. dollar decreased to 0.9364 Swiss francs from 0.9396 Swiss francs, and it was down to 1.3583 Canadian dollars from 1.3648 Canadian dollars. The U.S. dollar was down to 10.3313 Swedish Kronor from 10.3599 Swedish Kronor.

On the data front, the U.S. Labor Department reported Thursday that the country's initial jobless claims, a rough way to measure layoffs, rose by 4,000 to 230,000 in the week ending Dec. 3.

Traders also awaited rate announcements from key central banks as the Federal Reserve, the European Central Bank and the Bank of England are all set to hold policy meetings next week.

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